02/09/2026
π‘ Could your tax refund help wipe years off your home loan? π‘β£
β£
The average tax-agent prepared tax refund is $3,550, according to H&R Block. β£
β£
Those extra funds could potentially help you pay off your mortgage sooner.β£
β£
Thatβs because 100% of additional lump sum payments reduce your home loan principal. πβ£
β£
In turn, that lowers the total amount of interest you're charged each month thereafter.β£
β£
So more of each of your following monthly repayments work harder to pay down the loan balance. πβ£
β£
Call us to know how to put your tax refund to work lowering your home loan. πβ£
β£
To find out more, DM us or contact Jay Finance on:
βοΈ β 0431 897 286
π» β [email protected]